International Brotherhood Of Electrical Workers
- Assets
- $7.9m
- Revenue
- $4.2m
- Investments
- $0.0
- Employees
- 62
- Location
- Austin, TX
- Founding
- 06/1944
- Data as of
- 12/2023
- EIN
- 74-0706092
Organization Overview
International Brotherhood Of Electrical Workers is located in Austin, TX. The organization was established in 1944. According to its NTEE Classification (J40) the organization is classified as: Labor Unions, under the broad grouping of Employment and related organizations. As of 12/2023, International Brotherhood Of Electrical Workers employed 62 individuals. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. International Brotherhood Of Electrical Workers is a 501(c)(5) and as such, is described as a "Labor, Agricultural, and Horticultural Organization" by the IRS.
For the year ending 12/2023, International Brotherhood Of Electrical Workers generated $4.2m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 8.0% each year. All expenses for the organization totaled $4.5m during the year ending 12/2023. While expenses have increased by 8.5% per year over the past 9 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO IMPROVE WORKING CONDITIONS FOR THE MEMBERSHIP.
Describe the Organization's Program Activity:
Part 3 - Line 4a
IMPROVE WORKING CONDITIONS FOR THE MEMBERSHIP.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kasey Lansangan President | OfficerTrustee | 2 | $106,623 |
James Briceno Treasurer | OfficerTrustee | 1 | $2,555 |
Elizabeth Liz Brink Recording Secretary | OfficerTrustee | 1 | $4,819 |
Ben Brenneman Financial Sec/business Mgr | OfficerTrustee | 40 | $118,239 |
Marc Pendleton Vice President Until Sept. 23 | OfficerTrustee | 1 | $72,169 |
Jonathan Murray Vice President As Of Oct. 23 | OfficerTrustee | 1 | $106,861 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Deats Durst Owen & Levy Pllc Legal | 12/30/16 | $220,885 |
Terry Daffron Legal | 12/30/16 | $180,977 |
Atchley & Associates Llp Accounting | 12/30/16 | $109,913 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $3,993,481 |
| Investment income | $140,564 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $4,231,256 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $305,424 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $122,832 |
| Compensation of current officers, directors, key employees. | $485,192 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,250,104 |
| Pension plan accruals and contributions | $94,368 |
| Other employee benefits | $166,635 |
| Payroll taxes | $133,920 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,961 |
| Fees for services: Accounting | $166,025 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $24,979 |
| Advertising and promotion | $77,750 |
| Office expenses | $152,158 |
| Information technology | $47,879 |
| Royalties | $0 |
| Occupancy | $195,415 |
| Travel | $85,276 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $23,193 |
| Interest | $724 |
| Payments to affiliates | $702,185 |
| Depreciation, depletion, and amortization | $14,885 |
| Insurance | $9,998 |
| All other expenses | $221,252 |
| Total functional expenses | $4,537,768 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $434,458 |
| Savings and temporary cash investments | $4,525,477 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $8,653 |
| Net Land, buildings, and equipment | $37,442 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,911,018 |
| Total assets | $7,917,048 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $11,355 |
| Total liabilities | $11,355 |
| Net assets without donor restrictions | $7,905,693 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $7,917,048 |